Trades at sesssion highs and tests upside swing level
The low from Friday came in at 7759.33 in the Nasdaq. The high from yesterday’s trading was at 7760.82.
The price of the Nasdaq is trading to new highs on the day and tht price comes in at 7760.418 – between those close swing levels.
That makes it a level of importance for both the buyers and the sellers. Get above, and th 7788 will be eyed (50% of the move down from Friday’s highs. Stay below, and the buyers may get a little more nervous.
The good news for the market is Pres Trump did his best to paint the better picture again today.